Sherwin-Williams Co. (SHW) Position Held by Delta Lloyd NV
Delta Lloyd NV held its stake in shares of Sherwin-Williams Co. (NYSE:SHW) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,580 shares of the company’s stock at the end of the third quarter. Delta Lloyd NV’s holdings in Sherwin-Williams were worth $1,820,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Retirement Systems of Alabama increased its stake in shares of Sherwin-Williams by 1.2% in the third quarter. Retirement Systems of Alabama now owns 40,580 shares of the company’s stock worth $11,227,000 after buying an additional 499 shares during the last quarter. WASHINGTON TRUST Co boosted its stake in Sherwin-Williams by 8.0% in the third quarter. WASHINGTON TRUST Co now owns 855 shares of the company’s stock worth $237,000 after buying an additional 63 shares during the period. Allegis Investment Advisors LLC boosted its stake in Sherwin-Williams by 7.1% in the third quarter. Allegis Investment Advisors LLC now owns 4,965 shares of the company’s stock worth $1,374,000 after buying an additional 331 shares during the period. Penobscot Investment Management Company Inc. boosted its stake in Sherwin-Williams by 1.9% in the third quarter. Penobscot Investment Management Company Inc. now owns 12,629 shares of the company’s stock worth $3,494,000 after buying an additional 230 shares during the period. Finally, Toronto Dominion Bank boosted its stake in Sherwin-Williams by 440.4% in the third quarter. Toronto Dominion Bank now owns 2,329 shares of the company’s stock worth $645,000 after buying an additional 1,898 shares during the period. 72.93% of the stock is currently owned by institutional investors.
Shares of Sherwin-Williams Co. (NYSE:SHW) traded up 0.84% during mid-day trading on Tuesday, reaching $276.32. The company’s stock had a trading volume of 838,146 shares. Sherwin-Williams Co. has a 1-year low of $234.96 and a 1-year high of $312.48. The company’s 50 day moving average price is $261.26 and its 200-day moving average price is $282.71. The company has a market capitalization of $25.42 billion, a price-to-earnings ratio of 23.06 and a beta of 0.98.
Sherwin-Williams (NYSE:SHW) last issued its earnings results on Tuesday, October 25th. The company reported $4.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.32 by $0.09. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Sherwin-Williams had a return on equity of 97.87% and a net margin of 9.50%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $3.97 earnings per share. Analysts predict that Sherwin-Williams Co. will post $12.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Wednesday, November 16th. Sherwin-Williams’s dividend payout ratio (DPR) is 28.57%.
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A number of research firms have commented on SHW. Zacks Investment Research cut Sherwin-Williams from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. Vetr cut Sherwin-Williams from a “strong-buy” rating to a “buy” rating and set a $292.87 price target for the company. in a research note on Thursday, November 10th. Evercore ISI upgraded Sherwin-Williams from a “hold” rating to a “buy” rating in a research note on Tuesday, November 8th. They noted that the move was a valuation call. Wells Fargo & Co. assumed coverage on Sherwin-Williams in a research note on Wednesday, September 28th. They issued a “market perform” rating for the company. Finally, restated a “buy” rating and issued a $350.00 price objective on shares of Sherwin-Williams in a research note on Wednesday, September 14th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $322.72.
In other Sherwin-Williams news, Director John M. Stropki bought 500 shares of the business’s stock in a transaction dated Thursday, October 27th. The stock was acquired at an average cost of $247.30 per share, with a total value of $123,650.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.89% of the company’s stock.
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company has four operating segments: Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.
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